Cyber Risk and Insurance
Keep it Simple

Cyber Risk and Insurance

By: Geoff Kinsella

In the third book of the collection, we explore the evolution of cyber insurance, explain the coverage and its advantages, and offer some insight into the risk management considerations for businesses around cyber risk and how the market may evolve in the future.


You often hear it said by cyber security experts that ‘it is not just a matter of time before you are hacked, you probably have been already!’ So when things do go wrong, it is important to have a risk management programme in place to help your business mitigate the impact of a cyber event. Cyber insurance should form part of your risk management response.

With the increasing digital threat landscape inwhichbusinesses operate, it is paramount to assess, mitigate and protect against cyber risk. Cyber insurance should form an integral part of any cyber security risk management approach. The additional support received both pre and post loss from many cyber insurers will be of great benefit to any organisation.


  1. Cyber risk – a growing threat
  2. What does a cyber insurance policy cover?
  3. Risk Management Considerations
  4. Conclusion
  5. Appendix: Insurance Claims Examples


Are you interested in a printed copy of the book? Contact us and find out how to get one.


Geoff Kinsella

Geoff Kinsella

Consultant -

During his career, which spans over 40 years in the insurance arena, Geoff has lived and worked in a variety of insurance/reinsurance markets including Ireland, Middle East, Canada and the UK. Geoff has travelled extensively and has conducted insurance business on every continent (except Antarctica!).

With experience of insurance broking both as a retailer and a wholesaler, he has a firm grasp on the challenges faced by the stakeholders in the insurance market.

Proving the adage wrong, that 'you can't teach an old dog new tricks', Geoff turned his attention in 2012 to the emerging insurance market for cyber risk and ultimately joined Safeonline in London as a Partner in 2013. He has placed cyber insurance for many different entities, assisted MGAs find market capacity and has spoken on the subject at many market forums.

Geoff is currently acting as a consultant to a number of businesses.

Geoff is FCII qualified, a Chartered Insurance Practitioner and holds an MBA.